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216 Woodside Ave 2,772 sq ft Retail Property Newton, NJ 07860 £902,196 (£325.47/sq ft) 18.75% Net Initial Yield
Investment Highlights
- Highway location
Executive Summary
Please contact the broker to visit. OPEN 7 days 12-9PM. Operating 63hrs per week similar concepts operate 84hrs per week• Building 2,772+/-SF, plus basement .57 Acres• Seating capacity 95 PLUS PORTCH• AMPLE Parking on site. To the discuss this business and real estate opportunity, an NDA needs to be in place.
With the purchase of the business. A long lease in place, 10 years plus renewals $7,500 monthly. All FF&E furniture, fixtures, equipment, good will, recipes, liquor license, and brand name included in the lease to a qualify tenant or both business and Real Estate can be acquired.
With the purchase of the business. A long lease in place, 10 years plus renewals $7,500 monthly. All FF&E furniture, fixtures, equipment, good will, recipes, liquor license, and brand name included in the lease to a qualify tenant or both business and Real Estate can be acquired.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Restaurant
Property Size
2,772 sq ft
Costar Property Class
C
Year Built
1938
Price
£902,196
Price per sq ft
£325.47
Yield
18.75%
NOI
£169,162
Tenancy
Single
Number of Floors
1
Plot ratio
0.11
Total Plot Size
0.57 ac
Use Class
C-3
Parking
40 Spaces (13.79 Spaces per 1,000 sq ft Leased)
Frontage
100 ft on 216 Woodside Avenue
Amenities
- 24 Hour Access
- Restaurant
- Signage
- Kiosk/Cart Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-00011-01-00014 | Improvements Assessment | £379,073 |
| Land Assessment | £115,406 | Total Assessment | £494,479 |
Property Taxes
Parcel Number
15-00011-01-00014
Land Assessment
£115,406
Improvements Assessment
£379,073
Total Assessment
£494,479
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G E O Gastronomy Estates Organization
216 Woodside Ave
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